EU approves 75 million euros in additional support for AU Somalia peacekeeping mission
via The Reporter Ethiopia6 min read
The European Union's Political and Security Committee has approved an additional 75 million euros in support for the African Union's peacekeeping mission in Somalia, the Support and Stabilization Mission in Somalia AUSSOM, through the European Peace Facility EPF. This new funding brings the EU's total support to AU-led missions in Somalia to nearly 2.8 billion euros since 2007. The funds will primarily cover troop allowances for personnel deployed in Somalia, as well as non-lethal equipment and related services. AUSSOM, which replaced ATMIS in January 2025 and is extended through 2026, continues to face a significant funding gap, leading to arrears in payments to Troop Contributing Countries TCCs such as Uganda, Kenya, Ethiopia, and Djibouti. TCCs are expected to deploy up to 11,800 uniformed personnel, including 680 police personnel, to AUSSOM until December 2026. The estimated budget for the year leading up to June 2026 is approximately USD 190 million. Despite donor funding from various sources, the mission's long-term financial situation remains precarious due to its reliance on fragmented, non-sustainable funding, compounded by a resurgence of Al-Shabaab militants. The EU remains the largest direct contributor to successive AU missions in Somalia.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
The National Bank of Ethiopia NBE has reconfirmed its prohibition on the use, trading, and transfer of virtual assets, including cryptocurrencies, unless explicitly authorized by the NBE. The central bank issued a public notice defining virtual assets as digital representations of value that can be electronically traded, transferred, exchanged, or used for payments, investment, or similar purposes. The ban covers the purchase, sale, exchange, transfer, trading, settlement, and facilitation of transactions involving these assets without specific approval under Ethiopia's legal framework. The NBE clarified that the prohibition extends beyond just cryptocurrencies to all virtual assets. Prohibited activities include exchanging virtual assets for fiat currencies or other virtual assets, transferring them, providing custody or administrative services, and offering financial services related to their issuance or sale. The NBE warned the public against engaging in such transactions due to legal and financial risks, including fraud, scams, cyberattacks, market manipulation, and significant financial losses. This statement reiterates existing legal restrictions and does not announce new regulations or enforcement measures.
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